Transfer from Bad Debt
Explanation
Use this activity to transfer the ledger items from Bad Debt to Normal
Ledger Status.
Prerequisites
- The invoice must have Ledger Status Bad
Debt.
- No other payment transaction with later voucher
dates should exist for the relevant invoice (this does not apply to rolled
back transactions).
System Effects
The Ledger Status of the invoice changes from
Bad Debt to Normal. The invoice will also be posted from the Bad Debt
account (using posting type PP15) to an ordinary customer claims account
(using IP2). Any posted bad debt provision from the bad
debt level will be dissolved.
Window
Bad Debt Management
Related Window Descriptions
Bad Debt Management
Procedure
- In the Bad Debt Management window,
select the invoice which you want to transfer from Bad Debt to Normal
Ledger Status,
right-click and then click Transfer from Bad Debt.
- The values in the Current Bad Debt Level
and Current Provision Percent fields appear by default according to
the Bad Debt Level which had been assigned for the invoice. The values in
these fields are non-editable.
- You may select either cost or revenue
in the Dissolve Bad Debt Provision To: field. If Revenue
is selected, the bad debt provision will be dissolved against a revenue
account. If cost is selected, and reverse is selected as the
Cancel/Rollback Posting Method in the Company/Payment
tab, then the bad debt provision will be dissolved against a revenue
account (PP75). If correction
is selected as the Cancel/Rollback Posting Method,
then the bad debt provision will be eliminated with negative amounts, i.e.
correction postings.
- Today's date appears by default in the Voucher
Date field but the values in this field are editable. The Accounting
Period field is automatically populated according to the date in the
Voucher Date field.
- Current user's default user group is presented in
the User
Group field. However, you can use the List of Values to specify a
different user group which has been predefined for the current user.
- In the Voucher Type field, current user's
default voucher type from Function Group B appears by
default, but you may use the List of Values to specify a different voucher
type.
- If you want to copy the code parts (Code B to J) from the customer invoice, select the
Copy Code Parts check box.